cardy - 03 July 2010 09:07 AM

I heard Julia isnt moving into the lodge in the near future and with Kev moving out they are going to put Refugee’s in there…

LOL!!!!!!!!!!!!!!!!!

We call this the lucky country....for who???
My mate is hopping on a plane to Darwin very soon to get paid $120,000 a year to work as a security guard at a detention centre in Darwin. 4 on 1 off. There’s 40 of them needed asap plus there’s over-time if you want. One week course at your expense of around $600 plus a police clearance and 120, 000 spondoolas are yours. Unbelievable!!!
....and I ask who’s “responsible”?

jackspratt - 23 May 2010 09:15 AM

Oh dear!

How inconvenient for all you Rudd/Laborphobics. 

AUSTRALIA is among the world’s top five most competitive economies, an annual survey says.

The World Competitiveness Yearbook study lists 58 economies according to 328 criteria that measure how the nations create and maintain conditions favourable to businesses - a formula that has favoured the US for 16 years.

But this year, Singapore, Hong Kong has surpassed the US to top the list, while Switzerland and Australia round out the top five..................

http://www.perthnow.com.au/business/news/the-world-competitiveness-yearbook-study-labels-aussie-economy-in-the-top-five/story-e6frg2qu-1225869927919

Oh dear......some more inconvenient opinions!

Stimulus ‘served Australia well’ despite waste

One of the world’s top economists says the fiscal stimulus package delivered in Australia during the global financial crisis was among the best designed in the world.

A report today found there are some valid concerns about the poor value for money on the school spending part of the package.

However, Nobel Prize laureate and Professor at New York’s Columbia University Joseph Stiglitz says there will always be some waste with such programs.

He says that is preferable to the waste of human and capital resources that would have resulted if there was no stimulus.

“You were lucky to have, probably, the best designed stimulus package of any of the countries, advanced industrial countries, both in size and in design, timing and how it was spent - and I think it served Australia well,” he said.

http://www.abc.net.au/news/stories/2010/08/06/2975865.htm

and

Former Reserve Bank governor blasts Coalition

Former Reserve Bank governor Bernie Fraser has launched a scathing attack on the Coalition’s economic management credentials.

Mr Fraser has accused the Opposition of “brazen” and unprecedented scaremongering over Australia’s debt levels.

In a speech in Sydney, he has also criticised the Coalition’s stand against the mining tax.

And he says its opposition to the Federal Government’s stimulus spending is a “blot” on its economic record.

“Labor’s stimulus package was a stunningly successful response to the GFC [global financial crisis]. It kept businesses afloat and preserved jobs for hundreds of thousands of Australians who may well otherwise have become unemployed,” he said.

“I think the electorate should be reminded that the Coalition under [Malcolm] Turnbull voted against the stimulus package. And that, to me, is an indelible blot on the Coalition’s economic management credentials.”

http://www.abc.net.au/news/stories/2010/08/06/2976161.htm?section=business

WESTERN Australia ........... announcing it would raise iron ore royalties by $2 billion over three years.

http://www.theaustralian.com.au/national-affairs/wa-delivers-budget-headache-to-wayne-swan/story-fn59niix-1226059108195

We can all sit back now and wait for the howls of disgust from KR and acolytes. After all:

Are these buffoons really trying to impress us by saying that they are responsible, responsible responsible… me I’ve had a gutful of listening to these morons.
All you people who voted for a change for change’s sake happy? 40% tax on mining profits is absolutely bloody stupidity and will ruin this country. BHP and RIO may make big profit but they also have big spending and bigger risks. Does the govt not realise the amount of people and small companies directly or indirectly involved in the mining industry? They say they’re trying to help small business - all they will do is screw small/med business even more.
Hope they have plenty of coin in the bank for all the people on the dole due to this poxy tax

http://www.footygoss.com/index.php/forums/viewthread/13635/

far better it goes to this state rather than NSW or Vic as the bulk of GST revenue does.

...in the cold hard light of day what really concerns me is the growing level of state debt with not a lot to show for it.  new stadium - unfunded, upgrade of RPH - unfunded, third world airport, no light rail system, wtf has consecutive Govt’s been spending it on?

Junkets to Thailand to get advice from Jack on how to run the country.

LOL

when are you bringing your mail order hooker back to WA js???

As soon as we can find the ladyboy you enquired about s&s. I assume you are still looking.

jackspratt - 20 May 2011 02:11 PM

As soon as we can find the ladyboy you enquired about s&s. I assume you are still looking.

you’re trying them all out aren’t ya

It’s impossible to predict the future but it doesn’t take much to imagine what will happen to Australia if the commodity boom goes pear-shaped. Learned people are saying that the chinese economy has all the hallmarks of a bubble and if it busts then these things tend to happen spectacularly quickly. Many Australians take the view that we are ‘the lucky country’ and these things don’t really affect us. We are the lucky country but it won’t last forever and may be a whole lot shorter than we all hoped for. What then? The fact we avoided most of the gfc has led to quite a bit of complacency in this country. The boom has been largely wasted so far by both sides of government in WA and Australia, although special mention must go to Kevin Rudds insane idea of giving money to all and sundry at the peak of the gfc.

http://blog.intelligentinvestor.com.au/doddsville/commodity-super-cycle-no-room-for-fence-sitters/

http://blog.intelligentinvestor.com.au/doddsville/a-commodities-bubble-is-brewing/

There’s heaps more commentary out there. The other big problem will be if house prices crash for the many Australians who are heavily geared.

Agree with everything you say, goodie (well almost - not the stimulus bit).

The Rudd stimulus was another example of the ‘madness’ that has taken hold in many western countries as governments try to spend their way out of debt problems. The USA has been the best example of this through it’s programme of mass ‘quantitive easing’ (printing money). There have been a few notable omissions, such as Germany, which confronted it’s problems head on and is pretty much the only strong economy in Europe and moving further ahead.

But by and large the average person in western countries have become sharply aware of both how much in debt they are, and that things could get potentially much worse. Hence the extremely low levels of discretionary spending in places like Australia and the US. Retail spending is diving as people realise they need to save as much as they can.

But it does help the LOCAL TOURIST trade when you put a good share of the STIMULUS into that Goodie.Over the Bar,.......

goodie - 20 May 2011 03:43 PM

The Rudd stimulus was another example of the ‘madness’ that has taken hold in many western countries as governments try to spend their way out of debt problems. The USA has been the best example of this through it’s programme of mass ‘quantitive easing’ (printing money). There have been a few notable omissions, such as Germany, which confronted it’s problems head on and is pretty much the only strong economy in Europe and moving further ahead.

But by and large the average person in western countries have become sharply aware of both how much in debt they are, and that things could get potentially much worse. Hence the extremely low levels of discretionary spending in places like Australia and the US. Retail spending is diving as people realise they need to save as much as they can.

100% spot on.

goodie - 20 May 2011 03:14 PM

It’s impossible to predict the future but it doesn’t take much to imagine what will happen to Australia if the commodity boom goes pear-shaped. Learned people are saying that the chinese economy has all the hallmarks of a bubble and if it busts then these things tend to happen spectacularly quickly. Many Australians take the view that we are ‘the lucky country’ and these things don’t really affect us. We are the lucky country but it won’t last forever and may be a whole lot shorter than we all hoped for. What then? The fact we avoided most of the gfc has led to quite a bit of complacency in this country. The boom has been largely wasted so far by both sides of government in WA and Australia, although special mention must go to Kevin Rudds insane idea of giving money to all and sundry at the peak of the gfc.

http://blog.intelligentinvestor.com.au/doddsville/commodity-super-cycle-no-room-for-fence-sitters/

http://blog.intelligentinvestor.com.au/doddsville/a-commodities-bubble-is-brewing/

There’s heaps more commentary out there. The other big problem will be if house prices crash for the many Australians who are heavily geared.

The so called China boom will run out of steam and a lot quicker than many think, The Chinese economy is centrally driven and they have to keep feeding it to stop the masses becoming unhappy -unfortunly many of the developments and that includes huge empty cities are totally surplus to needs, they are being built solely to feed growth , further chinas markets in the US, UK and Europe are collapsing, the unsustainable growth wont be able to last much longer and the central govt in China know it, they just cant afford to stop it as they may have a civil war on their hands - but rest assured the bubble will burst and when it does there will be a world of pain and Australia will feel it the most.